Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, reported the commencement of drilling of the well EMD-1 on the offshore Mahdia Permit using the drillship PetroSaudi Discoverer. The well is located within the vicinity of many producing f
Wood Group Kenny (WGK) has been awarded a $60 million call-off contract, for 2014, with BP Azerbaijan under their 2007 Global Agreement. The contract will cover engineering and project management services for the Shah Deniz 2 Subsea Execute phase. WGK has worked with BP on the Shah Deniz project sin
Total has signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion and is subject to customary approvals. “The sale of our interest in Shah Deniz is in line with Total’
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the pipeline construction contract for the South Caucasus Pipeline Expansion (SCPX) project. This award adds to the 14 contracts already announced and underlines the overall progress to schedule of Shah De
On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestmen
The Shah Deniz consortium announces a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz
In a resounding sustainability achievement, ADMA-OPCO in collaboration with Abu Dhabi Port Company have set a new world record for the most participants in an underwater clean-up (Single Venue) as part of the “Dive Together To Protect Our Marine Environment” Campaign organized on April 23rd. Collect
The AAE-1 Consortium, owners of the Asia-Africa-Europe-1 submarine cable spanning approximately 25,000 km connecting Asia, Middle East, Africa and Europe, and TE SubCom, a TE Connectivity Ltd. company, announced that the contract for the majority of segments of the AAE-1 system has come into force.
Abu Dhabi Ports Company (ADPC) and Abu Dhabi Marine Operating Company (ADMA-OPCO) will be running its second waste-collection-campaign from 23 – 24 April, in partnership with various government organizations and several entities from the private sector. More than 300 certified advanced divers and vo
TIME dotCom Berhad is going to participate in a consortium to build a new submarine cable system that will link Asia and Europe via the Middle East, further enhancing its global footprint. Together with 16 international service providers, TIME will construct and maintain the Asia-Africa-Europe-1 (AA
FMC Technologies, Inc. has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue. FMC Technologies’ scope of supply includes subsea manifolds, associated controls and connection equipment
The Shah Deniz consortium informed that the Stage 2 project continues to progress on schedule with further major construction and supply contracts recently awarded. The contract for the fabrication of the jackets for the two planned offshore platforms, pin piles and subsea structures has been awarde
In the latest operating update Circle Oil Plc informed about its plans of conducting 2D seismic survey in Block 52 offshore Oman. The planned inshore 2D seismic survey is due to commence on 21 March. The seismic vessel MV Hindsagar will acquire 850 kilometres of 2D seismic data to map and prioritise
McDermott International, Inc. announced that the Dive Support Vessel Thebaud Sea (“DSV”) was recently mobilized for an Emergency Pipeline Repair intervention offshore the United Arab Emirates. This is the third time in recent months that the DSV has been fast-tracked to carry out an emergency respon
